ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) Short Interest Update

ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUBGet Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,636 shares, a drop of 73.4% from the June 30th total of 17,403 shares. Based on an average trading volume of 597 shares, the short-interest ratio is currently 7.8 days. Approximately 0.3% of the shares of the company are short sold.

ETRACS Alerian MLP Index ETN Series B Trading Down 1.8%

NYSEARCA:AMUB opened at $22.66 on Tuesday. ETRACS Alerian MLP Index ETN Series B has a 52-week low of $17.65 and a 52-week high of $23.55. The business’s fifty day moving average is $22.16 and its 200 day moving average is $21.64.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were issued a dividend of $0.3242 per share. This represents a $1.30 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Friday, May 29th. This is a boost from ETRACS Alerian MLP Index ETN Series B’s previous quarterly dividend of $0.32.

Institutional Investors Weigh In On ETRACS Alerian MLP Index ETN Series B

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in ETRACS Alerian MLP Index ETN Series B during the fourth quarter valued at approximately $394,000. Susquehanna International Group LLP bought a new position in shares of ETRACS Alerian MLP Index ETN Series B in the third quarter worth $886,000. Finally, North Capital Inc. raised its position in shares of ETRACS Alerian MLP Index ETN Series B by 1.1% in the first quarter. North Capital Inc. now owns 88,130 shares of the company’s stock worth $1,912,000 after buying an additional 929 shares in the last quarter.

ETRACS Alerian MLP Index ETN Series B Company Profile

(Get Free Report)

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.

Recommended Stories

Receive News & Ratings for ETRACS Alerian MLP Index ETN Series B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ETRACS Alerian MLP Index ETN Series B and related companies with MarketBeat.com's FREE daily email newsletter.